×
73 265
Fashion Jobs
AESOP
Regional Training & Performance Manager | New York
Permanent · New York
UNDER ARMOUR
Stock Teammate, Part-Time 5am Shift, $15 Per Hour
Permanent · ELLENTON
UNDER ARMOUR
Warehouse Administrator, Transportation
Permanent · MT. JULIET
URBN
Nuuly sr. Product Manager
Permanent · PHILADELPHIA
URBN
Urbn Retail Project Coordinator
Permanent · PHILADELPHIA
URBN
Free People Assistant Visual Manager
Permanent · CHICAGO
BATH & BODY WORKS
Senior Merchandise Planner
Permanent · COLUMBUS
GAP
General Manager _ Southdale
Permanent · EDINA
GAP
General Manager - st Louis Galleria
Permanent · RICHMOND HEIGHTS
URBN
Urban Outfitters Buyer - Novelties
Permanent · PHILADELPHIA
URBN
Urban Outfitters Senior Director of Finance
Permanent · PHILADELPHIA
BATH & BODY WORKS
Senior Manager Asset Protection
Permanent · ATLANTA
UNDER ARMOUR
Stock Teammate, Part-Time, $15.25 Per Hour
Permanent · DEER PARK
UNDER ARMOUR
Stock Lead, ft
Permanent · LAKE GEORGE
UNDER ARMOUR
Stock Lead, pt
Permanent · HANOVER
AMERICAN EAGLE OUTFITTERS
Todd Snyder - General Manager - us
Permanent · DALLAS
AMERICAN EAGLE OUTFITTERS
Todd Snyder - General Manager - us
Permanent · CHICAGO
AMERICAN EAGLE OUTFITTERS
Todd Snyder - Stock Lead - us
Permanent · DALLAS
AMERICAN EAGLE OUTFITTERS
Todd Snyder - Stock Lead - us
Permanent · CHICAGO
GAP INC.
Associate Analyst, Finance (Remote)
Permanent · ALBUQUERQUE
GAP INC.
Area Asset Protection Manager - Southeast Philadelphia
Permanent · PHILADELPHIA
OLD NAVY
General Manager - Oakwood Plaza
Permanent · HOLLYWOOD
By
Reuters API
Published
Jul 16, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Folli seeks creditors' approval on a revised restructuring plan

By
Reuters API
Published
Jul 16, 2019

Jewellery maker Folli Follie has launched a revised proposal to secure consent from its creditors on its restructuring and secure its viability, the troubled Greek company said on Tuesday.




The step is key for the firm, which has debt of about 430 million euros due this year and in 2021, to avoid collapse.

Along with its luxury jewellery trademark, Folli distributes international apparel brands in Greece, including Nike and Calvin Klein. It employs 5,000 people in its home market and abroad, including in China and Japan.

A hedge fund report last year suggesting the company misrepresented sales sent Folli's shares into a tailspin, prompted a legal investigation, fines from the Greek securities watchdog and the resignation of the company's founders.

Folli has been in lengthy talks with its creditors to restructure its debt and operations.

It said on Tuesday that a previous agreement with a group of unsecured creditors in February has failed and that the company has worked on an alternative restructuring proposal with its advisers.

Folli needs the approval of the majority of its creditors before applying to a Greek court to start its rehabilitation plan, it said.

Court ratification of the plan is expected by June 2020, it added.
 

© Thomson Reuters 2023 All rights reserved.